Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
How can Bitcoin kill the banking system? He is simply not capable of this. For it to be used as a national means of payment, a decision of the state, that is, the highest officials and the legislative body of the country, is needed, as happened in El Salvador. By the way, it is very interesting in what state the banking system is there? I don't think the banks in El Salvador are dead, as they carry out many useful functions, especially for the state.
The fact that bitcoin has a limited supply for supply is indifferent to the states, and inflation plays both a negative role for fiat and a positive one.
States really cannot control bitcoin, so they will use blockchain technology and issue their own digitalized currencies.